riskandforecast

Union Properties

Risk Watch  03/08/12

Emaar and other leading Dubai companies report large gains

Company results by Dubai’s largest developers, Emaar, Nakheel and Union Properties indicate a modest return to growth....
Risk Watch  18/03/10

UAE bans 800 large companies in breach of wage payment laws

The UAE ministry of labour has stopped 800 of the country’s large companies from hiring staff. This came as a result of the ministry’s efforts to address non-payment of wages to staff....
 
Risk Watch  02/02/10

UP plans to sell some of its assets as its struggles to find liquidity

Union Properties announcement that it plans to sell some of its assets to pay for its debt is a severe blow to the position to what was considered one of the emirate’s bestrun large developers....
Risk Watch  04/01/10

Dubai’s UP open to receiving government help as construction workers strike

Dubai’s Union Properties new Chairman announces that the company does not need government assistance. However, over 1,000 construction workers have held a rare demonstration due to unpaid salaries....
 
 

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